Value Of Susan B. Anthony Dollar: A Comprehensive Guide To Its Worth

The Susan B. Anthony dollar is a fascinating piece of American numismatic history. Introduced in 1979, this coin was intended to replace the larger and less practical Eisenhower dollar. Although it didn't quite achieve its goal of widespread acceptance, the Susan B. Anthony dollar remains a popular item among collectors. Its design, featuring women’s rights activist Susan B. Anthony, marks a significant moment in the representation of women on U.S. currency. The question that often arises when discussing this coin is, "how much is a Susan B. Anthony dollar worth today?"

Understanding the value of a Susan B. Anthony dollar involves considering several factors. The coin's condition, rarity, and historical significance all play a role in determining its market price. While some Susan B. Anthony dollars are worth only their face value, others can command a premium among collectors. It's essential to explore these elements to gain a complete picture of what makes certain coins more valuable than others.

In this comprehensive guide, we'll delve into the aspects that influence the value of a Susan B. Anthony dollar. We'll examine the coin's history, key dates, and mint marks to consider. Additionally, we'll provide insights into grading and valuation techniques, tips for collectors, and answers to frequently asked questions. Whether you're a seasoned collector or a curious newcomer, this article aims to equip you with the knowledge needed to assess how much a Susan B. Anthony dollar is worth.

Table of Contents

• History of the Susan B. Anthony Dollar
• Design and Features
• Understanding Mint Marks
• Key Dates and Rarities
• Grading and Condition
• Valuation Techniques
• Current Market Trends
• Collecting Susan B. Anthony Dollars
• Investment Potential
• Storage and Care
• Legal Considerations
• Frequently Asked Questions
• Conclusion

History of the Susan B. Anthony Dollar

The Susan B. Anthony dollar holds a unique place in U.S. currency history as it was the first coin to feature a real woman, Susan B. Anthony, rather than a symbolic representation. The coin was introduced as part of an effort to reduce the use of paper dollar bills and encourage the adoption of dollar coins, which were more cost-effective to produce in the long run.

The coin's journey began in the late 1970s, when the U.S. Mint sought to develop a smaller dollar coin that would be more convenient for everyday transactions. The Eisenhower dollar, which had been in circulation since 1971, was large and cumbersome, making it unpopular among the public. After much consideration, the new dollar coin was designed to be about the same size as a quarter, with an eleven-sided border to help distinguish it by touch.

Creation and Launch

In 1978, Congress authorized the Susan B. Anthony dollar, and it was officially released into circulation in July 1979. The coin was minted in Philadelphia, Denver, and San Francisco, and featured a portrait of Susan B. Anthony on the obverse (front) side, while the reverse (back) side depicted an eagle landing on the moon, a design previously used on the Eisenhower dollar to commemorate the Apollo 11 mission.

Challenges and Public Reception

Despite its practical intentions, the Susan B. Anthony dollar faced several challenges. Due to its similarity in size and color to the quarter, the coin was often confused with the twenty-five-cent piece, leading to public dissatisfaction. As a result, the coin was not widely embraced, and production was halted in 1981. However, a resurgence in demand for dollar coins in the late 1990s led to a brief reissue in 1999.

Today, Susan B. Anthony dollars are no longer in active circulation but remain a significant part of American numismatic collections. Their historical significance and representation of gender equality continue to make them a topic of interest among collectors and historians alike.

Design and Features

The design of the Susan B. Anthony dollar is both symbolic and practical, intended to honor the legacy of a prominent figure in the women's rights movement while addressing the need for a more convenient dollar coin. Understanding the design elements of this coin can provide valuable insight into its historical context and the factors that contribute to its value.

Obverse Design

The obverse side of the Susan B. Anthony dollar features a right-facing portrait of Susan B. Anthony, designed by Frank Gasparro, the Chief Engraver of the United States Mint at the time. Anthony is depicted with a stern expression, symbolizing her determination and dedication to social reform. Surrounding the portrait are 13 stars, representing the original 13 colonies, and the words "LIBERTY" and the year of minting.

Reverse Design

The reverse side of the coin showcases an eagle landing on the moon, clutching an olive branch, a design inspired by the Apollo 11 mission insignia. This design choice was meant to connect the Susan B. Anthony dollar to the larger historical context of American space exploration and innovation. The reverse also includes the inscriptions "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "ONE DOLLAR."

Other Features

One of the unique features of the Susan B. Anthony dollar is its eleven-sided border, which is meant to help distinguish it from other coins by touch. The coin is composed of a copper-nickel clad, giving it a silver-like appearance, and has a diameter of 26.5 mm and a weight of 8.1 grams.

The design and features of the Susan B. Anthony dollar reflect both its historical significance and the challenges it faced in gaining public acceptance. As a result, the coin holds a special place in American numismatic collections, representing both a tribute to a pioneering woman and a chapter in the evolution of U.S. currency.

Understanding Mint Marks

Mint marks play a crucial role in the world of coin collecting, as they indicate the location where a coin was produced. In the case of the Susan B. Anthony dollar, understanding mint marks can be an essential factor in determining a coin's value and rarity.

Mint Locations and Marks

The Susan B. Anthony dollar was minted at three primary locations: Philadelphia, Denver, and San Francisco. Each of these mints has its own unique mark, which can be found on the obverse side of the coin, just above Anthony's shoulder. The mint marks are as follows:

• P for Philadelphia
• D for Denver
• S for San Francisco

Coins minted in Philadelphia prior to 1980 do not have a mint mark, while those produced after 1980 feature the "P" mark. The presence or absence of a mint mark can significantly impact a coin's value, as certain mint locations may have produced fewer coins, making them rarer and more desirable to collectors.

Rarity and Value

The rarity of a Susan B. Anthony dollar can vary depending on the year and mint location. For example, coins minted in San Francisco are often considered more valuable due to their limited production runs, particularly those from the 1981 Proof Set. Understanding the significance of mint marks can help collectors identify rare and valuable coins, making them an important aspect of coin valuation.

Overall, mint marks are a key factor in assessing the worth of a Susan B. Anthony dollar. Collectors should pay close attention to these marks when evaluating coins, as they can provide valuable information about a coin's history, rarity, and potential value.

Key Dates and Rarities

Identifying key dates and rarities is an essential aspect of understanding the value of Susan B. Anthony dollars. Certain years and mint locations produced coins that are considered more valuable due to their limited production or unique characteristics.

1979 Key Dates

The first year of production for the Susan B. Anthony dollar, 1979, saw coins minted at all three locations: Philadelphia, Denver, and San Francisco. Among these, the 1979-S Proof dollar is particularly notable, as it was part of a limited production run intended for collectors. These proof coins are distinguished by their mirror-like finish and higher quality, making them more desirable to collectors.

1980 and 1981 Rarities

The 1980 Susan B. Anthony dollars were also produced at all three mints, with the 1980-S Proof dollar being a sought-after item among collectors. Similarly, the 1981 production run was limited, with the 1981-S Proof dollar standing out as a rare and valuable coin. These proof coins were only available through official U.S. Mint sets, adding to their exclusivity and appeal.

1999 Reissue

In 1999, the Susan B. Anthony dollar was reissued due to increased demand for dollar coins. This reissue saw coins minted at both Philadelphia and Denver, with the 1999-P and 1999-D dollars being notable for their limited production compared to earlier years. While these coins are not as rare as the 1981-S Proof, they still hold value among collectors due to their unique place in the coin's history.

Understanding key dates and rarities is crucial for collectors seeking to assess the worth of a Susan B. Anthony dollar. By recognizing these factors, collectors can better identify valuable coins and make informed decisions when adding to their collections.

Grading and Condition

The condition of a Susan B. Anthony dollar is a significant factor in determining its value. Coin grading is a standardized process used to evaluate a coin's condition and assign it a grade, which can range from poor to perfect. Understanding how grading works and its impact on value is crucial for collectors and investors alike.

Grading Scale

Coins are graded on a scale from 1 to 70, with 70 being a perfect, mint-condition coin. This scale is known as the Sheldon Scale, and it is widely used by collectors and grading services. The scale is divided into several categories, including:

• Poor (P-1): Heavily worn and barely identifiable.
• Good (G-4 to G-6): Well-worn, with major details visible.
• Very Good (VG-8 to VG-10): Worn, but with more detail than "Good."
• Fine (F-12 to F-15): Moderate wear with some finer details visible.
• Very Fine (VF-20 to VF-35): Light to moderate wear, with most details clear.
• Extremely Fine (EF-40 to EF-45): Slight wear on high points, with all details sharp.
• About Uncirculated (AU-50 to AU-58): Very minimal wear, with almost all details intact.
• Mint State (MS-60 to MS-70): No wear, with a perfect 70 being flawless.

Factors Affecting Grading

Several factors can affect the grading of a Susan B. Anthony dollar, including:

• Surface Condition: Scratches, marks, and other imperfections can lower a coin's grade.
• Strike Quality: A well-struck coin with sharp details is more likely to receive a higher grade.
• Luster: The presence of original mint luster can enhance a coin's appearance and grade.
• Coloration: Natural toning or discoloration can impact a coin's grade.

Professional Grading Services

To ensure accuracy and consistency, many collectors and investors turn to professional grading services, such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). These services provide expert evaluations and assign grades based on the coin's condition, offering a trusted standard for buyers and sellers.

Understanding grading and condition is essential for anyone interested in the value of Susan B. Anthony dollars. By recognizing the factors that influence a coin's grade, collectors can make informed decisions and better assess the worth of their coins.

Valuation Techniques

Valuing a Susan B. Anthony dollar involves considering various factors, from its condition and rarity to current market trends. Understanding these valuation techniques can help collectors and investors determine a coin's worth and make informed buying or selling decisions.

Condition and Grading

As previously discussed, the condition of a Susan B. Anthony dollar plays a significant role in its value. Coins that have been professionally graded and certified as being in excellent condition, such as those with a Mint State (MS) grade, typically command higher prices in the market. Collectors should consider having their coins graded by a reputable service to accurately assess their condition and value.

Rarity and Key Dates

Coins from certain years and mint locations, such as the 1981-S Proof dollar, are considered rarer and more valuable due to their limited production. Collectors should research the mint history and production quantities of Susan B. Anthony dollars to identify key dates and rare coins that may have increased value.

Market Trends and Demand

The value of Susan B. Anthony dollars can fluctuate based on market trends and collector demand. Factors such as changes in numismatic interest, economic conditions, and the availability of coins can all impact prices. Collectors should stay informed about current trends and market conditions to make educated decisions about buying or selling coins.

Historical Significance and Sentiment

The historical significance of the Susan B. Anthony dollar, as the first U.S. coin to feature a real woman, can also influence its value. Coins that hold cultural or historical importance may garner higher prices due to their sentimental value to collectors and historians.

By considering these valuation techniques, collectors and investors can better assess the worth of a Susan B. Anthony dollar and make informed decisions in the numismatic market.

Current Market Trends

The market for Susan B. Anthony dollars is influenced by various factors, including collector interest, economic conditions, and historical significance. Understanding current market trends can help collectors and investors make informed decisions about buying, selling, or holding onto these coins.

Collector Interest

Interest in Susan B. Anthony dollars has remained steady over the years, driven by their unique design and historical significance. Collectors are often drawn to these coins due to their representation of women's rights and their place in U.S. currency history. As a result, demand for certain key dates and rarities continues to be strong, contributing to stable market prices.

Economic Conditions

Economic factors, such as inflation, interest rates, and the overall health of the economy, can impact the numismatic market. During periods of economic uncertainty, collectors may seek out tangible assets like coins as a hedge against inflation, leading to increased demand and potentially higher prices for Susan B. Anthony dollars.

Historical Significance

The historical significance of the Susan B. Anthony dollar, as the first U.S. coin to feature a real woman, contributes to its appeal and value. Collectors and historians alike are drawn to the coin's representation of gender equality and its role in American numismatic history, helping to maintain interest and demand in the market.

Market Prices

The value of Susan B. Anthony dollars can vary significantly based on factors such as condition, rarity, and market demand. While some coins may only be worth their face value, others, such as the 1981-S Proof dollar, can command higher prices due to their rarity and desirability among collectors. Staying informed about market trends and prices can help collectors make educated decisions about buying or selling these coins.

By understanding current market trends, collectors and investors can better navigate the numismatic market and make informed decisions regarding Susan B. Anthony dollars.

Collecting Susan B. Anthony Dollars

Collecting Susan B. Anthony dollars can be a rewarding hobby for both novice and experienced numismatists. Understanding the various aspects of collecting these coins, from identifying key dates to proper storage and care, can enhance the collecting experience and help build a valuable and meaningful collection.

Starting a Collection

For those new to collecting Susan B. Anthony dollars, starting a collection can be as simple as acquiring coins from different years and mint locations. Collectors may choose to focus on specific key dates, such as the 1981-S Proof dollar, or aim to complete a set of all production years from 1979 to 1999. Researching the history and significance of these coins can also provide valuable context and enrich the collecting experience.

Identifying Key Dates and Rarities

Identifying key dates and rarities is an essential aspect of building a valuable collection. Coins from certain years and mint locations, such as the 1981-S Proof dollar, are considered more valuable and can enhance the overall worth of a collection. Collectors should familiarize themselves with the mint history and production quantities of Susan B. Anthony dollars to identify and acquire rare coins.

Storage and Care

Proper storage and care are crucial to preserving the condition and value of a coin collection. Susan B. Anthony dollars should be stored in a cool, dry environment, away from direct sunlight and humidity. Using protective coin holders or storage albums can help prevent damage and maintain the coins' condition. Regular inspection and cleaning, if necessary, should be done carefully to avoid scratching or damaging the coins.

Networking and Resources

Networking with other collectors and utilizing available resources can enhance the collecting experience and provide valuable insights. Joining numismatic clubs or online forums can connect collectors with like-minded individuals and provide opportunities to buy, sell, or trade coins. Additionally, resources such as coin catalogs, price guides, and grading services can offer valuable information and support for collectors.

Collecting Susan B. Anthony dollars can be a fulfilling and educational hobby. By understanding the various aspects of collecting and staying informed about the numismatic market, collectors can build a valuable and meaningful collection that reflects their interests and passion for these historic coins.

Investment Potential

Investing in Susan B. Anthony dollars can be a worthwhile endeavor for those looking to diversify their portfolios with tangible assets. Understanding the investment potential of these coins involves considering factors such as rarity, market trends, and historical significance, as well as the broader numismatic market.

Rarity and Key Dates

As with any collectible, rarity plays a significant role in the investment potential of Susan B. Anthony dollars. Coins from certain years and mint locations, such as the 1981-S Proof dollar, are considered more valuable due to their limited production and desirability among collectors. Investing in key dates and rare coins can potentially yield higher returns over time as demand and prices increase.

Market Trends and Demand

The value of Susan B. Anthony dollars can fluctuate based on market trends and collector demand. Factors such as changes in numismatic interest, economic conditions, and the availability of coins can all impact prices. Staying informed about current trends and market conditions can help investors make educated decisions about buying or selling coins.

Diversification and Tangible Assets

Investing in coins, such as Susan B. Anthony dollars, can provide diversification for an investment portfolio. As tangible assets, coins can serve as a hedge against inflation and economic uncertainty, offering stability and potential appreciation in value over time. Investors should consider the unique benefits and risks associated with investing in coins and weigh them against their overall investment strategy.

Historical Significance and Sentiment

The historical significance of the Susan B. Anthony dollar, as the first U.S. coin to feature a real woman, can also influence its investment potential. Coins that hold cultural or historical importance may garner higher prices due to their sentimental value to collectors and historians. Investing in coins with historical significance can provide both financial and personal satisfaction, as they represent a meaningful connection to the past.

By considering these factors, investors can better assess the investment potential of Susan B. Anthony dollars and make informed decisions about incorporating these coins into their portfolios.

Storage and Care

Proper storage and care are essential to preserving the condition and value of a Susan B. Anthony dollar collection. By taking the necessary precautions, collectors can ensure their coins remain in excellent condition and maintain their worth over time.

Environment and Location

The environment in which coins are stored can significantly impact their condition. Susan B. Anthony dollars should be kept in a cool, dry location, away from direct sunlight and humidity. Exposure to moisture and temperature fluctuations can cause damage, such as tarnishing or corrosion, which can negatively affect a coin's value.

Protective Storage

Using protective storage solutions can help prevent damage and preserve the condition of a coin collection. Coin holders, such as plastic capsules or flips, can provide a barrier against environmental factors and physical damage. Coin albums or storage boxes can also offer additional protection and organization for a collection.

Handling and Cleaning

When handling coins, it is essential to do so carefully to avoid scratching or damaging them. Collectors should always hold coins by the edges and avoid touching the surfaces. If cleaning is necessary, it should be done cautiously and with appropriate materials, such as a soft cloth or brush, to prevent damage.

Regular Inspection

Regularly inspecting a coin collection can help identify any potential issues or damage early on, allowing for timely intervention and preservation. Collectors should periodically check their coins for signs of tarnishing, corrosion, or other damage and take appropriate action to address any concerns.

By following these storage and care guidelines, collectors can ensure their Susan B. Anthony dollars remain in excellent condition and maintain their value over time.

Legal Considerations

When collecting or investing in Susan B. Anthony dollars, it is essential to be aware of any legal considerations that may impact your activities. Understanding these considerations can help collectors and investors navigate the numismatic market and ensure compliance with applicable laws and regulations.

Counterfeiting and Fraud

Counterfeiting and fraud are significant concerns in the numismatic market, as counterfeit coins can significantly impact a collection's value and authenticity. Collectors and investors should be vigilant when buying coins and consider purchasing from reputable dealers or using professional grading services to verify a coin's authenticity.

Taxes and Reporting

When buying or selling coins, collectors and investors should be aware of any tax implications and reporting requirements. In some jurisdictions, the sale of collectible coins may be subject to capital gains tax, and collectors may need to report gains or losses on their tax returns. It is essential to consult with a tax professional or financial advisor to understand any tax obligations related to coin transactions.

Import and Export Regulations

If buying or selling coins internationally, collectors and investors should be aware of any import or export regulations that may apply. Some countries have restrictions on the import or export of coins, which could impact a collector's ability to buy or sell coins across borders. It is essential to research and comply with any relevant regulations to avoid potential legal issues.

Estate Planning and Inheritance

Collectors and investors should also consider the legal implications of estate planning and inheritance for their coin collections. Properly documenting and valuing a collection can help ensure it is accurately accounted for in estate planning and can help avoid potential disputes among heirs. Consulting with an estate planning attorney can provide valuable guidance on managing a coin collection as part of an overall estate plan.

By understanding these legal considerations, collectors and investors can navigate the numismatic market with confidence and ensure compliance with applicable laws and regulations.

Frequently Asked Questions

1. Are Susan B. Anthony dollars still in circulation?

No, Susan B. Anthony dollars are no longer in active circulation. They were last produced in 1999 and have since been replaced by the Sacagawea and Presidential dollar coins. However, they remain popular among collectors and can still be found in numismatic collections.

2. How can I determine the value of my Susan B. Anthony dollar?

The value of a Susan B. Anthony dollar depends on factors such as condition, rarity, and market demand. Having the coin professionally graded and researching key dates and mint marks can help determine its worth. Consulting price guides and current market trends can also provide valuable insights.

3. What are the most valuable Susan B. Anthony dollars?

Some of the most valuable Susan B. Anthony dollars include the 1981-S Proof dollar and coins from certain key dates and mint locations. These coins are considered rare due to their limited production and are highly sought after by collectors.

4. Where can I buy or sell Susan B. Anthony dollars?

Susan B. Anthony dollars can be bought or sold through various channels, including coin dealers, online marketplaces, and numismatic auctions. It is essential to research and work with reputable dealers or platforms to ensure the authenticity and fair pricing of coins.

5. Can I clean my Susan B. Anthony dollar to improve its value?

Cleaning coins is generally discouraged, as it can cause damage and reduce their value. If cleaning is necessary, it should be done carefully and with appropriate materials. It is often best to leave coins in their natural state, as collectors value originality and authenticity.

6. How do I store my Susan B. Anthony dollar collection?

Proper storage is essential to preserve the condition and value of a coin collection. Coins should be stored in a cool, dry environment, away from direct sunlight and humidity. Using protective coin holders or storage albums can help prevent damage and maintain their condition.

Conclusion

The Susan B. Anthony dollar is a captivating piece of U.S. numismatic history, with its unique design and historical significance. Understanding the factors that influence its value, from condition and rarity to market trends and collector demand, is essential for anyone interested in collecting or investing in these coins.

By exploring the various aspects of the Susan B. Anthony dollar, from its history and design to grading, valuation, and market trends, collectors and investors can make informed decisions and build valuable and meaningful collections. Whether you're a seasoned numismatist or a curious newcomer, the Susan B. Anthony dollar offers a fascinating glimpse into the world of coin collecting and the rich history of U.S. currency.

In conclusion, the Susan B. Anthony dollar remains a significant and cherished part of American numismatic collections, representing both a tribute to a pioneering woman and a chapter in the evolution of U.S. currency. By understanding its value and significance, collectors and investors can fully appreciate the beauty and historical importance of these remarkable coins.